Mackenzie Financial Corp Makes New $268,000 Investment in PagerDuty, Inc. (NYSE:PD)

Mackenzie Financial Corp purchased a new position in shares of PagerDuty, Inc. (NYSE:PD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,594 shares of the company’s stock, valued at approximately $268,000.

Several other institutional investors have also modified their holdings of PD. Massachusetts Financial Services Co. MA acquired a new stake in shares of PagerDuty in the third quarter valued at $32,209,000. ARK Investment Management LLC lifted its holdings in shares of PagerDuty by 8.1% during the fourth quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock valued at $264,221,000 after purchasing an additional 858,838 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of PagerDuty by 5.8% during the third quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock valued at $220,465,000 after purchasing an additional 536,763 shares during the last quarter. Scout Investments Inc. purchased a new stake in shares of PagerDuty during the third quarter valued at $5,347,000. Finally, Bares Capital Management Inc. lifted its holdings in shares of PagerDuty by 48.9% during the third quarter. Bares Capital Management Inc. now owns 696,283 shares of the company’s stock valued at $15,659,000 after purchasing an additional 228,693 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Up 3.1 %

PD opened at $20.83 on Monday. PagerDuty, Inc. has a fifty-two week low of $19.18 and a fifty-two week high of $31.71. The business has a 50-day moving average of $22.53 and a 200-day moving average of $22.62. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.50 and a quick ratio of 2.50. The company has a market capitalization of $1.93 billion, a PE ratio of -23.67 and a beta of 0.91.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. The firm had revenue of $111.12 million for the quarter, compared to analysts’ expectations of $110.50 million. Equities research analysts forecast that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Insider Transactions at PagerDuty

In other news, insider Shelley Webb sold 6,859 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the completion of the sale, the insider now directly owns 253,439 shares of the company’s stock, valued at approximately $5,674,499.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Howard Wilson sold 8,893 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.09, for a total value of $223,125.37. Following the transaction, the chief financial officer now directly owns 507,672 shares of the company’s stock, valued at approximately $12,737,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shelley Webb sold 6,859 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $22.39, for a total value of $153,573.01. Following the completion of the transaction, the insider now directly owns 253,439 shares in the company, valued at $5,674,499.21. The disclosure for this sale can be found here. Insiders sold 17,967 shares of company stock valued at $424,587 in the last three months. Corporate insiders own 7.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PD. Truist Financial raised PagerDuty from a “hold” rating to a “buy” rating and upped their target price for the company from $25.00 to $30.00 in a report on Monday, March 18th. Canaccord Genuity Group reduced their target price on PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday, March 18th. Robert W. Baird dropped their price target on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $30.00 price target on shares of PagerDuty in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.25.

PagerDuty Company Profile

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.